BURO V.E.M.: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BURO V.E.M.
Largest movements
- Tangible fixed assets +€79,469
up €79,469 (+828.5%), from €9,592 to €89,061
of which Furniture and vehicles: +€74,125
- Current investments -€70,000
down €70,000 (-26.9%), from €260,000 to €190,000
- Receivables within one year -€17,912
down €17,912 (-49.4%), from €36,252 to €18,340
of which Trade receivables: -€17,311
- Cash +€8,063
up €8,063 (+279.8%), from €2,882 to €10,944
mainly Current investments (+€70,000) and Net result for the year (+€57,635)
- Receivables after one year +€4,446
up €4,446 (+19.4%), from €22,893 to €27,339
- Reserves +€5,500
up €5,500 (+2.0%), from €280,560 to €286,060
- Gross operating margin -€4,904
down €4,904 (-5.6%), from €87,916 to €83,012
- Depreciation +€2,947
up €2,947 (+193.8%), from €1,521 to €4,467
- Taxes -€2,561
down €2,561 (-10.4%), from €24,591 to €22,030
- Financial income +€1,019
up €1,019 (+87.3%), from €1,166 to €2,185
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,620 | €335,685 | +€4,065 | +1.2% |
| Fixed assets | 21/28 | €9,592 | €89,061 | +€79,469 | +828.5% |
| Tangible fixed assets | 22/27 | €9,592 | €89,061 | +€79,469 | +828.5% |
| Plant, machinery and equipment | 23 | €220 | €5,564 | +€5,344 | +2428.0% |
| Furniture and vehicles | 24 | €9,372 | €83,497 | +€74,125 | +790.9% |
| Current assets | 29/58 | €322,027 | €246,624 | -€75,404 | -23.4% |
| Amounts receivable after more than one year | 29 | €22,893 | €27,339 | +€4,446 | +19.4% |
| Other amounts receivable | 291 | €22,893 | €27,339 | +€4,446 | +19.4% |
| Amounts receivable within one year | 40/41 | €36,252 | €18,340 | -€17,912 | -49.4% |
| Trade receivables | 40 | €34,647 | €17,336 | -€17,311 | -50.0% |
| Other amounts receivable | 41 | €1,605 | €1,004 | -€601 | -37.4% |
| Current investments | 50/53 | €260,000 | €190,000 | -€70,000 | -26.9% |
| Cash at bank and in hand | 54/58 | €2,882 | €10,944 | +€8,063 | +279.8% |
| Total equity and liabilities | 10/49 | €331,620 | €335,685 | +€4,065 | +1.2% |
| Equity | 10/15 | €311,683 | €317,318 | +€5,635 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €280,560 | €286,060 | +€5,500 | +2.0% |
| Distributable reserves | 133 | €280,560 | €286,060 | +€5,500 | +2.0% |
| Profit (loss) carried forward | 14 | €12,523 | €12,658 | +€135 | +1.1% |
| Amounts payable | 17/49 | €19,936 | €18,367 | -€1,569 | -7.9% |
| Amounts payable within one year | 42/48 | €19,936 | €18,367 | -€1,569 | -7.9% |
| Trade debts | 44 | €975 | €2,134 | +€1,159 | +118.9% |
| Suppliers | 440/4 | €975 | €2,134 | +€1,159 | +118.9% |
| Taxes, remuneration and social security | 45 | €9,087 | €8,977 | -€109 | -1.2% |
| Taxes | 450/3 | €9,087 | €8,977 | -€109 | -1.2% |
| Other amounts payable | 47/48 | €9,875 | €7,256 | -€2,619 | -26.5% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,521 | €4,467 | +€2,947 | +193.8% |
| Other operating charges | 640/8 | €1,291 | €944 | -€346 | -26.8% |
| Gross operating margin | 9900 | €87,916 | €83,012 | -€4,904 | -5.6% |
| Operating profit (loss) | 9901 | €85,105 | €77,601 | -€7,504 | -8.8% |
| Financial income | 75/76B | €1,166 | €2,185 | +€1,019 | +87.3% |
| Recurring financial income | 75 | €1,166 | €2,185 | +€1,019 | +87.3% |
| Financial charges | 65/66B | €159 | €121 | -€39 | -24.2% |
| Recurring financial charges | 65 | €159 | €121 | -€39 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €86,112 | €79,665 | -€6,447 | -7.5% |
| Income taxes | 67/77 | €24,591 | €22,030 | -€2,561 | -10.4% |
| Profit (loss) for the period | 9904 | €61,521 | €57,635 | -€3,886 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,521 | €57,635 | -€3,886 | -6.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.